The Frank Dimino Family Trust
The Frank Dimino Family Trust: Declining Revenue, Stable Assets, and Zero Program Spending
EIN: 222985922 · Wellington, FL · Updated: 2026-04-04
About The Frank Dimino Family Trust
The Frank Dimino Family Trust (EIN: 222985922) is a nonprofit organization based in Wellington, FL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Frank Dimino Family Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Frank Dimino Family Trust with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Frank Dimino Family Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Frank Dimino Family Trust's IRS 990 filings:
- Zero reported program service expenses across all years, indicating no direct charitable activities.
- Significant decline in revenue from $4,393,908 in 2013 to $402,987 in 2016.
- Lack of transparency regarding the trust's actual activities and how its assets are utilized given the absence of program spending.
Strengths
The following positive indicators were identified for The Frank Dimino Family Trust:
- Maintained substantial assets, ranging from $10,757,976 in 2012 to $13,986,943 in 2016.
Frequently Asked Questions about The Frank Dimino Family Trust
What does The Frank Dimino Family Trust do?
The Frank Dimino Family Trust is a nonprofit organization in the Unknown sector, located in Wellington, Florida. It is classified under NTEE code Unknown.
How much revenue does The Frank Dimino Family Trust have?
The Frank Dimino Family Trust reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are The Frank Dimino Family Trust's total assets?
The Frank Dimino Family Trust holds total assets of N/A as reported in IRS 990 filings.
Where is The Frank Dimino Family Trust located?
The Frank Dimino Family Trust is based in Wellington, Florida.
What is The Frank Dimino Family Trust's EIN?
The Frank Dimino Family Trust's Employer Identification Number (EIN) is 222985922. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Frank Dimino Family Trust?
The Frank Dimino Family Trust is classified under NTEE code Unknown (Unknown).
Is The Frank Dimino Family Trust a registered 501(c)(3)?
The Frank Dimino Family Trust appears in IRS records (EIN: 222985922). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Frank Dimino Family Trust file IRS Form 990?
Yes, The Frank Dimino Family Trust has 5 IRS Form 990 filings on record. The most recent covers tax period 201606.
What was The Frank Dimino Family Trust's revenue in 2016?
In the 201606 filing period, The Frank Dimino Family Trust reported total revenue of $402,987, total expenses of $678,239, and net assets of $13,986,943.
Is The Frank Dimino Family Trust's revenue growing or declining?
The Frank Dimino Family Trust's revenue is declining. Revenue went from $1,193,717 (201506) to $402,987 (201606), a -66.2% change. Based on 5 filings on record.
What is The Frank Dimino Family Trust's most recent 990 filing?
The most recent IRS Form 990 filing for The Frank Dimino Family Trust covers tax period 201606. It shows revenue of $402,987, expenses of $678,239, total assets of $13,986,943, and liabilities of N/A.
Is The Frank Dimino Family Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, The Frank Dimino Family Trust has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 1 strength noted.
What are the red flags for The Frank Dimino Family Trust?
The following concerns were identified: Zero reported program service expenses across all years, indicating no direct charitable activities.. Significant decline in revenue from $4,393,908 in 2013 to $402,987 in 2016.. Lack of transparency regarding the trust's actual activities and how its assets are utilized given the absence of program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Frank Dimino Family Trust's strengths?
Positive indicators for The Frank Dimino Family Trust include: Maintained substantial assets, ranging from $10,757,976 in 2012 to $13,986,943 in 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does The Frank Dimino Family Trust compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the primary purpose and function of The Frank Dimino Family Trust, and how does it fulfill its tax-exempt status?
The filings indicate the trust primarily functions as an asset holder with administrative overhead, rather than an active charitable program provider. Its tax-exempt status would need to be justified by activities not reflected in the program expense line item, such as grant-making to other organizations, which is not explicitly detailed here.
What is the nature of the 'expenses' reported if they are entirely administrative and no programs are conducted?
The reported expenses, such as $678,239 in 2016 and $871,136 in 2015, are categorized solely as administrative. Without program expenses, these likely cover operational costs related to managing the trust's assets, legal fees, accounting, and other overheads not directly tied to charitable activities.
Filing History
IRS 990 filing history for The Frank Dimino Family Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), The Frank Dimino Family Trust's revenue has declined by 71.3%, moving from $1.4M to $403K. Total assets increased by 30% over the same period, from $10.8M to $14.0M. Total functional expenses rose by 28.9%, from $526K to $678K. In its most recent filing year (2016), The Frank Dimino Family Trust reported a deficit of $275K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $403K | $678K | $14.0M | $0 | — | View 990 |
| 2015 | $1.2M | $871K | $14.3M | $0 | — | View 990 |
| 2014 | $1.4M | $672K | $13.9M | $1 | — | View 990 |
| 2013 | $4.4M | $537K | $13.2M | $0 | — | View 990 |
| 2012 | $1.4M | $526K | $10.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $403K, expenses of $678K, and assets of $14.0M (revenue -66.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $871K, and assets of $14.3M (revenue -16.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $672K, and assets of $13.9M (revenue -67.6% year-over-year).
- 2013: Revenue of $4.4M, expenses of $537K, and assets of $13.2M (revenue +212.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $526K, and assets of $10.8M.
Data Sources and Methodology
This transparency report for The Frank Dimino Family Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.